MIRA
INFORM REPORT
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Report Date : |
1st March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TRIUMPH TRADER LTD |
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Registered Office : |
7fl Man On Commercial Bldg 12-13 Jubilee St , Central, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.08.2003 |
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Com. Reg. No.: |
0856375 |
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Legal Form : |
Private |
RATING &
COMMENTS
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MIRAs Rating : |
NR (No Rating) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
TRIUMPH TRADER LTD
7FL MAN ON COMMERCIAL BLDG 12-13 JUBILEE ST , CENTRAL, HONG KONG
TEL : [+852] 28508826
FAX : [+852] 28508830
EXECUTIVE SUMMARY
INCORPORATION DATE :
06-08-2003
REGISTRATION NO. :
0856375
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL : HKD 10,000.00 DIVIDED INTO
10,000 ORDINARY SHARES AT HKD 1.00/-
EACH,
FULLY PAID
BUSINESS LINE :
N/A
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
N/A
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81158= US$1 AS OF 2007-3-1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD Hong Kong Dollars
*Company Registration*
===================
(1)License number
: 0856375
Date issued
: 6 August, 2003
Issuing authority : Companies Registry
Type of license : Corporate
(2)License number
: 33895288
Issuing authority : Business Registration Office -
Inland Revenue Department
Type of license : Business
*Capital Details*
============
Authorized capital :
HKD 10,000.00 divided into 10,000 ordinary shares at HKD 1.00/-each, fully paid
*Company Secretary*
=================
(1)CR no. :
826247
Address
: Rm 1001-4A 10Fl
Champion Bldg 287-291 Des Voeux Rd Central Hong Kong
Date of appointment :
6 August, 2003
(2)TAXBASE CONSULTANTS LTD
CR no. :
411324
Address
: Rm 615, 6Fl Hollywood Plaza 610
Nathan Rd Kowloon Hong Kong
Date of appointment : 5 August, 2005
*Reputation*
===========
Due to the fact that the subject company :
(i) Does not
maintain an operational office in Hong Kong; and
(ii) There is no knowledge or public record of overseas
business activities
It has not been possible to ascertain the reputation of the
company.
*Approved Signatures*
====================
Only Mr. Biren Ashokkumar Shah can sign on behalf of the
company with seal affixed.
SC is not known to host website of its own at present.
For the past 4 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 3
Total number of ordinary shares : 10,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
---------------------------- -------------------------------- --------------------------------- ----------------
Biren Ashokkumar Shah 5,100 5,100.00 51.00
Samir Arvindlal Shah 2,500
2,500.00
25.00
Harmish Bharatkumar Shah 2,400 2,400.00 24.00
Share Transfer
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Date Transferor Transferee No. of Shares
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21 October, 2004
Harmish Bharatkumar Shah
Samir Arvindlal Shah
2,500
*Directors' Details*
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(1)Biren Ashokkumar Shah
Passport no. :
Z1110662
Address : 4Fl Birla Mansion 1 Prarthna Samaj Mumbai
(Bombay) Maharashtra 400004 India
(2)Harmish Bharatkumar Shah
Passport no. :
E5934451
Address : 2/22 New Modi Bhavan 19 Pandita Ramabai Rd
Gamdevi Mumbai (Bombay) Maharashtra
400007 India
(3)Mr. Samir Arvindlal Shah
Passport no. :
Z1537151
Address : 102 Samarth Sarthi Apt Athwalines Surat
Gujarat 895001 India
*Operation Status*
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Although the Subject Company is a legally registered entity,
it does not maintain an operational office, nor any employees in this country,
but rather employs the services of a local firm engaged in corporate
secretarial management services to "maintain" their license on behalf
of the owners who are located overseas.
The management services usually involves registering the
office address as the same one used by the firm employed to
"maintain" the license, as well as receive any mail address to the
company, forward mail to owners, attend
to license renewals, corporate levies and related issues.
The local firm previously employed to perform maintenance of
this company is:
Company Name : DHUN'S MANAGEMENT SERVICES LTD
Address
: 7Fl Man On Commercial Bldg 12-13 Jubilee St
Suburb
: Central
City
: Hong Kong
Note : DHUN'S MANAGEMENT SERVICES LTD confirmed that the
subject company was once their client.
SC is not known to have any
subsidiary at present.
PAYMENT
RATING :NR OBTAINED SCORES :
0
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Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for NO RECOMMENDATION
amounts depending on individual judgement experience.
Under Hong Kong corporate law, the Subject Company, is
exempt from the provisions of the Income Tax Act and therefore not obliged to
disclose their financial statements.
BASED ON THE INVESTIGATIONS PERFORMED, IT HAS NOT BEEN
POSSIBLE TO PREPARE A NORMAL CREDIT REPORT ON THE COMPANY. GIVEN THE
CIRCUMSTANCES, CAUTION IS ADVISED RELATED TO DEALINGS WITH THE COMPANY.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions